Trade Commentary 184

● Points to Win

・There should be clear price action

Not a choppy, range-bound market; a market with clear moves up and down is preferable. Sell at higher levels, buy at lower levels. Aim to sell after a rise and buy after a drop.

・Confirm strong buying candles near or breaking through the zone(for buying)

If buying, confirm a bottoming out in the pullback and if selling, confirm a toping out. For example, long lower shadows on bullish engulfing patterns or doji patterns. Especially when the counter-trend is strong, inserting a small cushion is safer.

・Smaller stop-loss

When buying, aim for a distance not far below the lower wick of the candle just before the target, so the stop loss is small. Or you may exit early if the price moves against you.

For other basic rules and how to use indicators, please refer to the course. Thank you.